List of recommended overseas forex brokers that support MT5 | Explanation of differences, advantages, and disadvantages compared to MT4

One of the attractions of overseas forex trading is the availability of MT5, but many people may be hearing about it for the first time

MT5 refers to the latest version of MetaTrader, the world's most popular and widely used trading platform . Developed by a Russian software company, it was released in 2010 as the successor to MT4. MT5 addresses shortcomings of MT4, such as performance and analytical capabilities, and an increasing number of traders are migrating from MT4 to MT5.

"What is MT5? I want to know more about the functions and features of MT5.
" "How are MT4 and MT5 different?"
"I want to know the advantages and disadvantages of MT5!"
"Please recommend some overseas forex brokers that support MT5!"

As you can see, you probably have many questions about MT5. In this article, we will introduce user-friendly overseas forex brokers such as "HFM," "FXGT," and "Exness," and explain the features, advantages, and disadvantages of MT5 in more detail than anywhere else. This is a must-read for MT5 beginners.

Ranking of recommended overseas forex brokers compatible with MT5

Below is a ranking of recommended overseas forex brokers that support MT5

[Overseas Forex Brokers that Support MT5]

Overseas Forex Brokers	Details and checkpoints	Official website
HFM	• MT4/MT5◎ (PC, smartphone app) • High reliability👑 • Employs an asset protection system and has obtained multiple highly difficult financial licenses • Offers a variety of services including deposit bonuses and copy trading	Official website
FXGT	• MT4/MT5 ◎ (PC, smartphone app) • High reliability ◎ • No deposit required account opening bonus and deposit bonus available • Used by 70,000 traders worldwide	Official website
Exdefine	• Compatible with MT4/MT5 (PC, smartphone app) • Highly reliable • Offers maximum unlimited leverage and swap-free trading • Over 15 years of operational experience and a reliable financial license	Official website
VPhotoage	• MT4/MT5◎ (PC, smartphone app) • Reliability〇 • No deposit required account opening bonus of 15,000 yen / 120% deposit bonus • Wide range of instruments, narrowest spreads, and fast execution	Official website
XMTrading	• MT4/MT5◎ (PC, smartphone app) • Highly reliable👑 • Account opening bonus of 10,000 to 15,000 yen / 100% deposit bonus • Number one in brand recognition and most popular among Japanese investors	Official website
Axiory	• MT4/MT5◎ (PC, smartphone app) • Reliability◎ • Known for its narrowest spreads and high execution rate, with data published monthly • Covered by damage compensation insurance, providing effective trust protection for customer funds	Official website
BigBoss	• MT4/MT5◎ (PC, smartphone app) • Reliability〇 • Account opening bonus of 15,000 yen / 100% deposit bonus / Others • Offers a game-style deluxe account and a cryptocurrency exchange.	Official website
Errante	• MT4/MT5 ◎ (PC, smartphone app) • Reliability ○ • Account opening bonus of 7,000 yen / 100% deposit bonus • Also offers cTrader, popular for short-term trading.	Official website
TitanFX	• MT4/MT5◎ (PC, smartphone app) • Reliability〇 • Boasts industry-leading spreads and execution speed • Has a proprietary app that allows you to copy the trading methods of professional traders	Official website
Monaxa	• MT4/MT5◎ (PC, smartphone app) • Reliability〇 • Testing of automated trading EAs is possible with a demo account • 100% first deposit bonus is offered almost all the time	Official website

*Bonus details and other information are subject to change without notice. Please be sure to check the official website beforehand

• 1st place: HFM (HF Markets)
• 2nd place: FXGT
• 3rd place: Exness
• 4th place: Vantage
• 5th place: XMTrading
• 6th place: Axiory
• 7th place: BigBoss
• 8th place: Errante
• 9th place: TitanFX
• 10th place: Monaxa

Before we look at the details of each broker, let's first learn about MT5

What is MT5 for overseas forex trading?

MT5 is the world's most popular trading platform, bringing together all the necessary functions for FX trading

First, I will explain the overview of MT5 and how it differs from MT4

A clear explanation of MT5's features and functions

MT5 is an abbreviation for MetaTrader 5, an FX trading platform released in 2010 by the Russian company MetaQuotes Software

MT5 is the latest version of MetaTrader4, which has been immensely popular among traders worldwide, and features a complete overhaul of its functionality

MT4/MT5 is a highly functional tool that allows trading of not only forex but also stocks, ETFs, cryptocurrencies, and CFDs, making it the most widely used tool in the world

[History of MetaTrader]

Name of trading tool	Release year
MetaTrader (first generation)	2000	It initially appeared as an FX chart from MetaQuates
MetaTrader (2nd generation)	2001-2002	It has become popular among brokers, leading to the development of even more advanced versions
MetaTrader (3rd generation)	2003	A programming language called "MQL" that can be used with tools has been developed
MetaTrader 4 (MT4)	2005	The birth of a high-performance tool equipped with MQL, capable of creating automated trading systems
MetaTrader 5 (MT5)	2010	MT4's flaws have been fixed, and the latest version is now available

Reference: The Story Of MetaTrader And The Developer, "MetaQuotes" - WikiFX

The original MetaTrader, the prototype of the platform, was released in 2000. Through numerous improvements, MT4, with its superior extension and programming capabilities, was finally born, revolutionizing the platform

This was a time when PCs were becoming increasingly widespread and online trading was gaining attention. MT4, which allowed users to create their own automated trading systems and indicators, quickly attracted institutional investors and individual traders worldwide through FX brokers

In Japan, the number of FX brokers, such as Rakuten Securities and OANDA Securities, that are introducing MT4/MT5 is increasing

Differences between MT4 and MT5

I compared the differences between MT4 and MT5

[MT4/MT5 Comparison Table]

Comparison items	MT4 (2005-)	MT5 (2010~)
Operating speed	Normal (32bit)	Fast (64-bit)
Types of timeframes	9 types	21 types
Chart splitting function (PC)	◎ Highly customizable	◎ Highly customizable
Chart splitting function (smartphone)	✕ Cannot be divided	◎ Can be divided into 2 parts
Externalizing (separating) the chart	✕ Not possible	◎ Possible
Types of automated trading systems (EAs)	Quite a lot	Fewer than MT4
Types of indicators	Quite a lot	Fewer than MT4
Board information	✕ None	◎ Yes
Technical drawing tools	30 types	38 types
Backtesting function	22 types	44 types

* You can generally install as many indicators and technical tools as you like later on for MT4/MT5. Here, we are comparing the number of indicators and technical tools that are included as standard

Advantages of MT5 over MT4

Specifically, the advantages of MT5 are as follows:

• Fast operation speed and low lag
• A wide variety of timeframes are available
• The display of bid and ask prices is comprehensive
• It has a board information display function, enabling advanced analysis
• It comes with a large number of indicators as standard
• It is constantly updated, allowing you to use the latest features

The biggest appeal of MT5 lies in the significantly improved convenience of features such as charting and backtesting capabilities for automated trading EAsMetaQuotes, the developer, is recommending migrating to MT5MT5 essentially brings together all the necessary functions for FX trading

MT4 has been loved by traders for many years since its release in 2005, but nowNo new features have been added in this update

On the other hand, MT5 is constantly being updated with new features, and more new features are planned to be added in the future.

Furthermore, MT5 boasts an operating speed approximately twice as fast

Recommended Overseas Forex Demo Account Comparison List | From Free MT4/MT5 Accounts to Unlimited Accounts Explained

Top 10 Recommended Overseas Forex Brokers Compatible with MT5

Now, let's introduce some recommended brokers that support MT5

1st place: HFM

The number one overseas forex broker to choose for MT5 is HFM (HF Markets), which is easy for beginners to use

HFM an overseas forex broker that offers MT4/MT5 and its own proprietary trading app .

Established in 2010, holds regulatory and registration licenses in seven countries and has a long track record in Japan, earning it a high reputation for reliability and safety.

The service for Japan is only registered with the St. Vincent and the Grenadines Regulatory Authority (SVG IBC), but there are very few reports of withdrawal refusals or other problems, so you can use it with peace of mind

The minimum deposit is $5. Automated trading EAs and copy trading are also available

Since you can start trading with a small amount, anyone from beginners to advanced traders who want to try out overseas forex trading .

MT4/MT5	◎
cTrader	✕
Bonus/Campaign	Account opening bonus, 100% deposit bonus, limited-time offer
Automated trading (EA)	◎ Copy trading service available
Establishment	2019
Ordering method	NDD method
Fund management methods	Separate management
Rumors of withdrawal refusal	View reviews and ratings
Maximum leverage	1000 to 5000x magnification (with zero-cut feature)
NT5 Demo Trading	OK

The maximum leverage is 2000x. There are many types of accounts available, so you can choose one that suits your needs, such as small-amount trading, swap-free accounts, and copy trading accounts

HFM is an FX broker whose bonuses are attractive, depending on the time of yearWe offer either a 20% to 100% deposit bonus almost every now and thenIt has been gaining attention recently because it offers a limited-time 100% deposit bonus once a month

• 100% deposit bonus (limited time offer, maximum 30,000 to 50,000 yen)
• 20% deposit bonus (up to a cumulative total of 750,000 yen)
• Shield 500 (Initial deposit of 1500 yen, compensation for losses up to $500)
• Demo trading contest (prize money bonus for top ranks)

We are also offering a bonus that covers losses up to $500 for first-time deposits only. By taking advantage of HFM's bonuses, you can enjoy FX trading even with a small amount of capital

HFM has a reputation for fast withdrawals, and its official website withdrawals can be processed as quickly as instantly, or at the latest within 10 business days . There are also many positive reviews regarding instant withdrawals, so those concerned about withdrawal speed should be satisfied.

I requested a withdrawal quite late yesterday, and it just arrived.
HFM is always quick with withdrawals, which is a great help. pic.twitter.com/gRzk2RvReU

— Garnet @FX Information Gathering (@fx_garnet) March 30, 2025

I submitted a withdrawal request on Saturday from overseas forex broker HFM and the money was deposited into my bank account Sunday afternoon! Thank you, HFM! HFM is my only choice among overseas brokers!

— FX beginner (@WMpG1mOgYg78484) May 25, 2025

HFM also hosts a demo trading contest that you can participate in using an MT5 demo account. The first-place prize is a $1,000 margin bonus, and Japanese participants are also doing their best. If you're confident in your skills, give it a try!

2nd place: FXGT

The second-ranked overseas forex broker that supports MT5 FXGT which is attracting attention for its cryptocurrency business .

FXGT is a relatively new overseas forex broker established in 2019, and has gained popularity with its wide range of cryptocurrency options and generous promotional campaigns

We handle 66 types of cryptocurrencies, including ETH, BTC, USDT, BNB, SOL, ADA, and DOGE. Synthetic pairs allow you to trade cryptocurrencies paired with indices such as the NY Dow Jones Industrial Average and crude oil

receive a bonus and trade cryptocurrencies on MT5 with an overseas forex broker, FXGT is a recommended overseas forex broker.

MT4/MT5	◎
cTrader	✕
Bonus/Campaign	Account opening bonus, 100% deposit bonus, limited-time offer
Automated trading (EA)	◎
Establishment	2019
Ordering method	NDD method
Fund management methods	Separate management
Rumors of withdrawal refusal	View reviews and ratings
Maximum leverage	1000 to 5000x magnification (with zero-cut feature)
NT5 Demo Trading	OK

Optimus accounts offer a maximum leverage of 5000x under certain conditions. Other accounts offer a leverage of 1000x

The account opening bonus is a no-deposit bonus that you can receive without making a deposit, making it ideal for opening your first overseas forex account . It's popular with beginners because it minimizes risk and requires no upfront investment.

• New account opening bonus (no deposit required, 15,000 yen)
• 100% deposit bonus (up to 50,000 yen)
• Loyalty Bonus (25% of deposit amount)

With support for over 53 currency pairs and 66 cryptocurrencies , you're sure to find something that suits you.

3rd place: Exness

Our second recommendation for MT5 Exness, which leads the industry with its unlimited leverage .

Exness is an overseas forex broker that supports MT4 and MT5, and also offers its own proprietary Exness app

The group as a whole holds highly competitive financial licenses from institutions such as the FCA (UK) and CySEC

Exness's greatest appeal its unlimited leverage (effectively 2.1 billion times) and the provision of swap-free instruments . As a major overseas forex broker, it is highly reliable and attracts Japanese traders, but currently, the Japanese version of its platform is unavailable.

You can apply to open an account through Exness's dedicated Japanese referral website

MT4/MT5	◎
cTrader	✕
Bonus/Campaign	none
Automated trading (EA)	◎
Establishment	Established in 2009 (for the Japanese market) in 2021
Ordering method	NDD method
Fund management methods	Segregated accounts, membership in the Financial Services Guarantee Corporation
Rumors of withdrawal refusal	View reviews and ratings
Maximum leverage	2000x to unlimited (zero cut included)
NT5 Demo Trading	OK

Unlimited leverage is available if certain conditions are met .

Certain instruments, such as major currencies and precious metals, can be traded with zero swap fees, keeping costs down. Since negative swap fees are common in overseas forex trading, Exness's swap-free trading is highly valued

• Unlimited leverage → Major currencies, minor currencies, gold, silver
• Swap-free → Cryptocurrencies, stock indices, precious metals, energy, certain major currencies

While it doesn't offer the lavish bonus campaigns of other overseas forex brokers, Exness its environment that allows traders to aim for significant profits in the medium to long term, even with a small amount of capital . Exness is one of the few brokers that offers favorable conditions to traders.

If you're interested in unlimited leverage or swap-free trading, we also offer a demo trading platform for MT5 , so please feel free to try it out.

4th place: Vantage Trading

The fourth-ranked overseas forex broker for MT5 users VantageTrading which offers both bonuses and the narrowest spreads simultaneously .

Vantage was established in 2009 and a major overseas forex broker that operates globally, holding licenses in several countries . While it has a strong track record and is highly reliable, it only began offering services to Japan in 2020, making it a relatively new broker in the Japanese market.

Using Equinix's servers, this broker is renowned for its high-speed execution and industry-leading narrow spreads, and has rapidly gained popularity in the last year or two by offering generous bonuses

Vantage is the perfect overseas forex broker for traders who want both bonuses and a sophisticated trading environment

MT4/MT5	◎
cTrader	〇
Bonus/Campaign	Account opening bonus, 100% deposit bonus, limited-time offer
Automated trading (EA)	◎
Establishment	2011
Ordering method	NDD method
Fund management methods	Separate management, trust preservation
Rumors of withdrawal refusal	View reviews and ratings
Maximum leverage	2000x magnification (with zero-cut feature)
NT5 Demo Trading	OK

The maximum leverage is 2000 times

New account holders will receive a 15,000 yen bonus if they make a deposit within 7 days of identity verification. Additionally, if you make a deposit within 7 days, you will receive a 120% deposit bonus for your first deposit only.

• Account opening bonus (no deposit required, 15,000 yen)
• 120% deposit bonus (for first deposit within 7 days, up to 75,000 yen)
• 100% deposit bonus (for first deposit made after 7 days, up to 75,000 yen)

wide selection of over 1,000 instruments, including FX, stock indices, stocks, ETFs, and bonds , many of which are not available through other companies. However, due to its relatively short track record in Japan and limited information available, it is recommended for those with prior FX experience.

You can receive the account opening bonus without making a deposit, so try using the bonus as a demo trading tool

5th place: XMTrading

Next up, in fifth place XMTrading .

XM Trading is an FX broker established in 2009, and it has a long track record, making it one of the oldest overseas FX brokers

While overseas forex trading is generally associated with more frequent problems than domestic forex trading, XM Trading has so far not seen any reported issues such as withdrawal refusals, account freezes, or delays in deposits and withdrawals. Therefore, even those who are hesitant about overseas forex trading can use it with peace of mind.

In fact, XM Trading the most popular overseas forex broker among Japanese traders .

MT4/MT5	◎
cTrader	✕
Bonus/Campaign	Account opening bonus, 100% deposit bonus, limited-time offer
Automated trading (EA)	◎
Establishment	2011
Ordering method	NDD method
Fund management methods	Separate management
Rumors of withdrawal refusal	View reviews and ratings
Maximum leverage	2000x magnification (with zero-cut feature)
NT5 Demo Trading	OK

Additionally, you can use a VPS for free if you meet the following conditions

1. Account balance of 1,000 USD (equivalent) or more
2. A minimum of 5 standard lots round trip or 500 micro lots round trip are traded per month

By using a VPS, you can install an Expert Advisor (EA) on MT5 and perform stable automated trading 24 hours a day

Using EAs (Expert Advisors) with XMTrading's MT5 platform is a popular topic. If you want to trade FX while taking advantage of campaigns, why not start with XMTrading?

6th place: AXOIRY

AXIORY an overseas forex broker that supports MT4, MT5, and cTrader .

Established in 2011, this is a well-known overseas forex broker with nearly 15 years of experience in Japan. It is subject to Belize regulations

Zero time lag, zero spread, zero slippageIt has achieved this,Its attractive features include high execution speed and some of the lowest transaction costs in the industryis

While it offers fewer bonuses than some competitors, this overseas forex broker is highly regarded for its reliability, including its use of trust protection

MT4/MT5	◎
cTrader	〇
Bonus/Campaign	Deposit bonuses are offered every few months
Automated trading (EA)	◎
Establishment	2011
Ordering method	NDD method
Fund management methods	Separate management, trust preservation
Rumors of withdrawal refusal	View reviews and ratings
Maximum leverage	2000x magnification (with zero-cut feature)
NT5 Demo Trading	OK

The maximum leverage is 2000x。

In particular, its execution rate is 99.99% , which is close to 100%, making it an ideal trading environment for scalpers and short-term traders who require timely orders.

• Execution rate of 99.99% (no requotes or slippage)
• High-speed execution of orders in 0.0029 seconds

Our trading environment is top-notch, and we publish data on execution speed and slippage rates on our official website every month

If you want to trade FX in a well-equipped trading environment, consider using AXIORY

7th place: BigBoss

Ranked 7th in MT5 BigBoss, which puts a lot of effort into its campaigns .

BigBoss is an overseas forex broker established in 2013 with over 10 years of experience providing services to Japan, and is popular for its diverse bonuses and campaigns. It offers 100% Japanese-language customer support and provides account opening bonuses and deposit bonuses

One of the attractions of limited-time services is that they often feature unique offerings. Most recently, there was a gacha (lottery) where you could win Bitcoin or physical gold as prizes

The account opening bonus is a no-deposit type, a 15,000 yen margin without making a deposit . (Confirmation required)

The 100% deposit bonus is capped at $700 (or equivalent), followed by 30% and 20% for a total of $13,700 .

MT4/MT5	◎
cTrader	✕
Bonus/Campaign	Account opening bonus, 100% deposit bonus, limited-time offer
Automated trading (EA)	◎
Establishment	2013
Ordering method	NDD method
Fund management methods	Separate management
Rumors of withdrawal refusal	View reviews and ratings
Maximum leverage	2222x magnification (with zero-cut feature)
NT5 Demo Trading	OK

The maximum leverage is 2222 times, which is higher than average　

We are developing new areas such as a deluxe account that allows you to obtain items like a 0% stop-loss level in a game-like format, and our own cryptocurrency exchange, "Crptos." We also issue BigBoss Coin (BBC) , and our unique type of service is attracting attention.

• Cryptos → Self-operated cryptocurrency exchange (24 hours a day, 365 days a year)
• BBC → BigBoss Coin (tradable on Cryptos)

While the spread tends to be somewhat wide, a drawback is that you can expect to keep costs down by taking advantage of attractive bonuses

Errante holds campaigns almost every month, and many of them are open to both new and existing customers . It features a simple, beginner-friendly service, making it an easy-to-use overseas forex broker.

8th place: Errante

Errante is an overseas forex broker that supports MT4, MT5, and even cTrader .

Although it's a relatively new company established in 2019, it holds a financial license from the Republic of Seychelles, and its headquarters operate under a highly reliable license from Cyprus. It offers a wealth of information and educational content in Japanese, and conveniently allows the use of TradingView for chart analysis

Additionally, if your total account balance exceeds $5,000 (equivalent) and you trade 10 lots or more, you can use the VPS necessary for 24-hour operation of your EA free of charge

Maximum leverage of 1000x. Choose from four account types to suit your minimum deposit and spread preferences

MT4/MT5	◎
cTrader	〇
Bonus/Campaign	Account opening bonus, 100% deposit bonus
Automated trading (EA)	◎
Establishment	2019
Ordering method	NDD method
Fund management methods	Separate management
Rumors of withdrawal refusal	View reviews and ratings
Maximum leverage	1000x magnification (with zero-cut feature)
NT5 Demo Trading	OK

Recently, Errante offering a no-deposit account opening bonus . The amount varies depending on the time of year, but it is often around 7,000 yen. In addition, when you make a deposit, you can receive a 100% bonus up to 70,000 yen, so it is possible to increase your margin even if you do not have sufficient funds.

• Account opening bonus (no deposit required, 7,000 yen)
• 100% deposit bonus (up to 70,000 yen)

Errante holds campaigns almost every month, and many of them are open to both new and existing customers . It features a simple, beginner-friendly service, making it an easy-to-use overseas forex broker.

9th place: TitanFX

Next up at number 9 TitanFX, popular for its excellent spreads .

TitanFX is an overseas forex broker that has been operating since 2014They have a strong reputation for execution speed and spreadsBased in the Republic of Vanuatu, the company operates under the regulations of the Financial Services Commission. It boasts a strong base of loyal supporters due to its more than 10 years of experience and stable service

We utilize high-performance servers from Equinix, the world's largest provider. This results in fewer order rejections, unfavorable requotes, and slippage for traders, achieving industry -leading

It is gaining popularity, especially among short-term traders who engage in scalping and day trading .

MT4/MT5	◎
cTrader	none
Bonus/Campaign	none
Automated trading (EA)	◎ Copy trading available
Establishment	2014
Ordering method	NDD method
Fund management methods	Separate management
Rumors of withdrawal refusal	View reviews and ratings
Maximum leverage	1000x magnification (with zero-cut feature)
NT5 Demo Trading	OK

Titan FX offers its own app, "Titan FX Social," which allows users to copy the trading methods of professional traders

Those who meet the following conditions can use a VPS, which is essential for automated trading and copy trading, for free

1. I trade more than 5 lots per month
2. Account balance is 150,000 yen or more

This broker doesn't offer any bonuses or promotions, so it's recommended for experienced FX traders. You might want to try a demo account to get a feel for it before starting

10th place: Monaxa

Monaxa which only entered the Japanese market in 2023 .

Although its track record with services for the Japanese market is still relatively short, the operating company, Monaxa Ltd, was established in 2013 and started its operations based in Australia. Currently, it is an overseas forex broker operating under multiple registrations and licenses in countries such as the Republic of Mauritius and the British West Indies

Supports both MT4 and MT5. Leveraging cutting-edge technology, we aim for a fast and simple service with a user-friendly system. We recommend automated trading and offer NDD (No Dealing Desk) accounts.

With instant withdrawals as our motto, we strive to provide a trading environment that Japanese traders can use with peace of mind

MT4/MT5	◎
cTrader	〇
Bonus/Campaign	Account opening bonus, deposit bonus
Automated trading (EA)	〇
Establishment	2023 (for services in Japan), established in 2013
Ordering method	NDD method (ECN account)
Fund management methods	Separate management
Rumors of withdrawal refusal	View reviews and ratings
Maximum leverage	2000x magnification (with zero-cut feature)
NT5 Demo Trading	OK

The maximum leverage is 2000x. Since its establishment, it has consistently offered deposit bonuses and is gradually gaining attention

Currently , we are offering a $50 welcome bonus for deposits of $25 (equivalent) and a 100% deposit bonus up to $500 .

• Welcome bonus of $50 (with a $25 deposit requirement)
• 100% deposit bonus (up to $500)

While the account opening bonus isn't completely deposit-free, the minimum deposit required is only $25 (equivalent), making it very accessible . A total of $75 (equivalent) in margin is available. A demo account with no time limit is also offered, so starting with a demo account might be a good option.

*If a demo account remains unused for 45 days, it will be frozen

, be sure to check its ranking in a ranking of popular and highly-rated overseas forex brokers, which is based on actual reviews and testimonials

5 advantages of MT5

MT5 is a trading platform that offers superior functionality compared to MT4, but what are its actual advantages?

This section will explain the advantages of using overseas forex brokers that support MT5

1. Faster than MT4
2. You can use an Expert Advisor (EA) to automate trading
3. A wide variety of timeframes are available, allowing for multifaceted analysis
4. You can check economic indicators within the tool
5. It is constantly updated, allowing you to use the latest features

Faster than MT4

MT5 hasFaster than MT4There are advantages

MT5 is faster than MT4 and other trading tools, designed for comfortable use by traders worldwide, and capable

The following are some of the reasons why MT5 operates so quickly:

• It is connected to exchanges all over the world by default
• MT4 supports 32-bit systems, while MT5 supports 64-bit systems
• Supports multi-core processors

Because MT5 operates faster than the traditional MT4, it is also suitable for traders who engage in scalping or short-term trading, where even small price movements can affect trading results

You can use an Expert Advisor (EA) to automate trading

Overseas forex brokers that support MT5 are similar to brokers that support MT4You can use an Expert Advisor (EA) to automate tradingThere are advantages

EA stands for "Expert Advisor," and it refers to software that automatically executes trades based on pre-programmed trading conditions

Installing an Expert Advisor (EA) on MT5 eliminates the need to manually monitor charts and close trades, allowing busy office workers and housewives to efficiently aim for profits. Furthermore, it reduces the likelihood of emotionally driven trading without a solid basis , which is why more and more traders are using EAs on MT5.

An introduction to automated trading (EA) in overseas forex! We explain how to get started and introduce free MT4/MT5 EAs

A wide variety of timeframes are available, allowing for multifaceted analysis

Among overseas forex brokers that support MT5,The wide variety of timeframes that can be displayed allows for multifaceted analysis

It offers a wider variety of timeframes than MT4, allowing you to display even finer timeframes

MT4 (9 types)	MT5 (21 types)
1-minute, 2-minute, 3-minute, 4-minute, 5-minute , 10-minute, 15-minute, 30-minute, 1-hour, 4-hour, daily, weekly, and monthly charts.	1-minute, 2-minute, 3-minute, 4-minute, 5-minute, 6-minute , 10-minute, 12-minute, 15-minute, 20-minute, 30-minute , 1-hour, 2-hour, 3-hour, 4-hour, 6-hour , 8-hour, 12-hour, daily, weekly, monthly charts

The wide variety of timeframes available, from 1-minute to 30-minute charts , is a significant advantage for traders who employ scalping or short-term trading strategies.

You can check economic indicators within the tool

MT5 has,You can check economic indicators within the toolThere are advantages

Economic indicators are extremely important information for traders who engage in FX trading, and there is a possibility of incurring significant losses due to price movements following their announcement

the "Indicator Calendar" in the toolbox . You can also filter by priority level and currency type, and even display the release time on the chart.

The ability to view economic indicators within the tool is a new feature that has been included since MT5This cannot be confirmed in MT4

It is constantly being updated, so you can use the latest features

MT4 is a groundbreaking trading platform that has gained popularity among traders worldwide, but updates for new features and improvements have ceased

on the other hand,MT5 is still receiving regular updatesIt is done,You can always trade using the latest features

In fact, the following features have recently been added to MT5:

• Adding a text object
• Add a countdown timer
• Enhanced Crosshair Mode
• Added display of position tickets
• Price delay display improvement

In the long run, MT5 is almost certain to become the superior trading platform . Traders currently using MT4 should consider switching to MT5.

Three disadvantages of MT5

While there are many advantages to using overseas forex brokers that support MT5, it's also important to understand the potential drawbacks before adopting them

This chapter will explain in detail the disadvantages of using overseas forex brokers that support MT5

1. Fewer types of custom indicators and EAs available compared to MT4
2. It is incompatible because it uses a different language than MT4
3. It has less historical data compared to MT4

Fewer types of custom indicators and EAs available compared to MT4

MT5 is better than MT4There are few types of custom indicators and EAsThis is a disadvantage

The reasons why there are so few types of custom indicators and EAs available for MT5 are as follows:

• MT4 was released before MT5
• The programming language used for MT5 development is difficult

Custom indicators and EAs can be used on both MT4 and MT5, but they are not actually compatible with each other. Therefore, MT4 users need to use MT4-specific indicators, and MT5 users need to use MT5-specific ones. For this reason, MT4 is still preferred in some cases.

It is incompatible because it uses a different language than MT4

MT5 hasNot compatible with MT4This is a disadvantage

Although MT5 and MT4 are developed by the same company, MT5 is developed using the MQL5 , while MT4 the MQL4 therefore the two are not compatible with each other .

To use custom indicators and EAs that were used in MT4 with MT5, you need to develop them from scratch as custom indicators and EAs specifically for MT5Many people find the transition from MT4 to MT5 troublesomeis

It has less historical data compared to MT4

MT5 isCompared to MT4, it has less historical data for chartsThere are disadvantages

MT5 chart data is generally based on the period from when the overseas forex broker first implemented MT5. Therefore, depending on the implementation date, only a few years' worth of charts may be displayed. To increase the historical data in MT5, you will need to do it manually .

Historical data can be downloaded from the MT5 menu. Please refer to the TitanFX official website for instructions on how to download it

A comparison list of recommended overseas forex brokers that support MT4 | Explanation of differences from MT5, as well as their advantages and disadvantages

Key points to consider when choosing an overseas forex broker that supports MT5

The key points to consider when choosing an overseas forex broker that supports MT5 are as follows:

1. Does it have a highly reliable financial license?
2. Are the transaction costs low?
3. Are the bonuses generous?
4. Are the reviews and reputation good?
5. Is there ample support in Japanese?

Does it have a highly reliable financial license?

When choosing an overseas forex broker that supports MT5,Companies that have obtained highly reliable financial licensesI recommend choosing this option

In the case of overseas forex brokers that do not have a base in Japan, they obtain financial licenses from different countries depending on their location

To obtain a license, you must meet the review criteria set by each country's regulatory body. The stricter the review criteria in a country, the more reliable the financial license becomes

In some cases, companies may only have licenses equivalent to corporate registration, so caution is necessary. However, in the case of services targeting Japan, such as "HFM," even if registration is the only requirement, the group may have obtained a highly reliable license, making it safe to assume they are legitimate.

Additionally, the length of time a company has operated services for the Japanese market is a reliable indicator, so be sure to check that as well.

For more information on the reliability of various financial licenses, please refer to the following article

List of Financial Licenses for Overseas Forex Trading | Explanation of Each License's Characteristics and Reliability

Are the transaction costs (spreads) low?

When choosing an overseas forex broker that supports MT5,A broker with the lowest possible transaction costsI recommend choosing this option

When using an overseas forex broker, the following transaction costs will be incurred

• spread
• Transaction fees
• Slippage at the time of trade execution

If transaction costs are highThe profit per transaction is decreasingThis is especially true for trading styles that accumulate small profits, such as scalping and short-term trading, where the amount of profit is greatly affected by the low cost of transactions

When choosing an overseas forex broker, it's a good idea to consider each broker's spreads and execution capabilities

Are the bonuses generous?

When choosing an overseas forex broker that supports MT5,Companies that offer generous bonusesI recommend choosing this option

Many overseas forex brokers offer bonuses and promotions when you open an account or make a deposit. While you cannot withdraw the bonus itself, the funds received as a bonus can be used for forex trading. Profits can be withdrawn . (Domestic forex brokers do not offer such bonuses!)

HFM, an overseas forex broker that supports MT5, holds monthly events such as a 100% deposit bonus and demo trading contests

[Types of Overseas Forex Bonuses]

bonus	Content
Account opening bonus	Get margin credit when you open a new account
Deposit Bonus	You can receive margin of 20% to 100% of your deposit
Loyalty Program	Earn points based on your transactions
Referral Bonus	Cashback for each new customer you refer

The most popular bonus is the account opening bonus. With this bonus, you receive margin that can be used for trading without making a deposit when you open a new account. It a chance to earn trading funds without putting in .

, "I don't have much money, but I'd like to try trading with an overseas forex broker!" , then you should definitely take advantage of the bonuses offered by overseas forex brokers.

Overseas Forex Account Opening Bonus & Deposit Bonus Comparison Ranking! [Latest January 2026] Broker List

Are the reviews and reputation good?

When choosing an overseas forex broker that supports MT5,

Checking reviews and opinions on blogs and social media (X, formerly Twitter) is a very important point.

By referring to the experiences of actual users, you can find valuable information such as whether there have been any reports of problems or instances of withdrawal refusalsIt's best to avoid businesses with a lot of bad reputationsis

However, it's important not to take everything at face value, as some people might intentionally post negative reviews out of spite after a loss, or vice versa

The following is an example of a post from social media (X, formerly Twitter)

With Exness,
if you have 100,000 to 200,000 yen, you can withdraw it to your bank account in half a day, even on weekends!
, Exness!

It seems better to withdraw frequently even if it's a hassle

, so I'll try to work a little harder on Sundays.

— Yamaran. (@FXtomo84) May 18, 2025

I started using Exness and the spreads are incredibly narrow. There's no deposit bonus, but cryptocurrency withdrawals are instant. I can't go back to other brokers.
Exness https://t.co/FmGovVIZBn pic.twitter.com/4gjzvMhdIl

— HIKA (@D1pUPuFHfPUXWm9) April 28, 2025

Is there ample support in Japanese?

When choosing an overseas forex broker that supports MT5, it's especially recommended for those who are not comfortable with English to choose a broker that offers comprehensive Japanese language support

Many major overseas forex brokers offer 100% Japanese language support specifically for Japanese traders

However, someIf the service provider does not support Japanese or has limited operating hoursThere are some options available. When choosing an overseas forex broker for MT5, be sure to check their customer support information before making your decision

Recommended overseas forex brokers with Japanese language support! A comparison of support options for beginners

Frequently Asked Questions about Overseas Forex Brokers that Support MT5

Finally, we will answer some frequently asked questions regarding overseas forex brokers that support MT5

Which overseas forex brokers are recommended for MT5 compatibility?

MT5-compatible overseas forex brokers, we recommend "Exness".

Exness offers free VPS (Virtual Private Server) access under certain conditions. Utilizing a VPS allows you to run your EA (Expert Advisor) 24/7 with a stable internet connection, enabling you to efficiently aim for profits

Another attractive feature is the ability to trade with unlimited high leverage . In terms of leverage, it is by far the best among overseas forex brokers, which tend to offer high leverage, making it possible to earn large profits even with a small amount of capital.

Is MT5 available with any overseas forex broker?

MT5 isThis service is only available through overseas forex brokers that support MT5。

Most overseas forex brokers support MT4 and MT5, but there are rare cases where only MT4 is supported. Also, some brokers, like iFOREX, offer their own proprietary trading platforms, so be sure to check whether MT5 is available when choosing a broker

Is MT5 free?

MT5 is available for free.

While the MT5 software itself is free, trading with MT5 incurs transaction fees and spreads payable to overseas forex brokers. Be aware that some accounts, such as ECN accounts, also incur fees

Overseas Forex Account Opening Bonus & Deposit Bonus Comparison Ranking! [Latest January 2026] Broker List

Summary: Try using an MT5 demo account first!

This time, we introduced overseas forex brokers that support MT5

MT5 was released as an upgraded version of the overwhelmingly popular MT4 , and various functions have been refined.

You'll be satisfied with its superior performance, which MT4 lacks, including improved operating speed, chart extraction capabilities, and enhanced smartphone app and backtesting features

Furthermore, regular updates are still being implemented, and new features are being added one after another, so it is highly likely that even more convenient and excellent features will be added in the future

If you feel intimidated by jumping straight into the real thing, try using a demo account first .

Recommended Overseas Forex Demo Account Comparison List | From Free MT4/MT5 Accounts to Unlimited Accounts Explained